As we reflect on the past year, 2023 presented a landscape of cautious optimism within the senior housing industry. The fundamental need for senior housing remains as strong as ever, but the prevailing lending environment posed notable challenges. Lenders, while armed with substantial capital, approached lending with a sense of caution. A prerequisite for a […]
The world of senior housing is divided into distinct sectors: Skilled Nursing, Assisted Living/Memory Care, Independent Living, and Active Adult. Skilled Nursing and Assisted Living/Memory Care facilities are licensed and provide help with daily activities, while Independent Living and Active Adult communities focus more on lifestyle and amenities. As we look ahead to the second […]
Published in Wealth Management Real Estate’s 2023 Market Outlook December 29, 2022 The senior housing sector is broken into Skilled Nursing, Assisted Living/Memory Care, Independent Living and Active Adult. Skilled Nursing and Assisted Living/Memory Care facilities are licensed and aid with activities of daily living. While Independent and Active Adult are not licensed and are […]
Senior Housing Market- Post COVID According to many industry experts, the Assisted Living and Skilled Nursing industries remain under the national microscope post-COVID. How will state and federal regulatory changes impact the industry? What will these changes mean to reimbursement levels, staffing requirements and barriers to entry? Workforce shortage The American Health Care Association (ASHA) […]
Many years ago, when I was in operations and our Skilled Nursing Facility (SNF) was preparing for our annual survey, I heard that NOC shift employees were sleeping during their shift. I set my alarm for the middle of the night, snuck into the back door of the facility and as word spread that I […]
NIC Senior Housing Spring Conference 2022 Recap The JCH team had the pleasure of attending the Mid-year NIC Conference in Dallas last month. It was nice to reconnect with old friends and make new connections. Overall the conference was well attended, with the majority of attendees having a cautiously optimistic tone. Among the many topics […]
Looking Forward to 2022 in the Senior Housing Sector To look forward to 2022, one must look back to the unprecedented disruption to the world’s economy caused by COVID-19, in 2020 and 2021. As we all know, the senior housing sector was hit hard by this pandemic, causing significant loss of residents, and staff, as […]
Considerations for 2022 Resident Rate Increases As 2021 comes to an end most senior housing operators including Assisted Living, Memory Care, Independent Living are contemplating resident rate increases for their services. If you are thinking 3% to 4% you are probably in trouble. We see many Assisted Living, Memory Care and Independent Living clients […]
The National Senior Housing Market: 2021 Midyear Review The Senior Housing industry, while a need-driven business, is at least for the near future facing some uncertainty as they recover from declining census and increased expenses caused by the pandemic. Divided into three major market segments: unlicensed facilities such as Independent Living (IL), Active Adult, and […]
If you are thinking increasing rates 3% to 4% is enough, you are probably in trouble. We see many operators of Assisted Living, Memory Care or Skilled Nursing Facilities who have gotten their top line revenue, and gross revenue, back close to pre-Covid levels, but their bottom lines are lagging far behind due to their […]
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